BARCELONA, SPAIN - Monday February 14, 2011 VOSS Solutions, the leading provider of unified communications and collaboration (UC&C) service delivery and management software, today announced that it has closed $10 million in Series C private equity funding.
Intel Capital - Intel Corporation’s global investment organization - led the Series C round and was joined by existing investors Eden Ventures andXAnge. Eden Ventures and XAnge led VOSS’ Series B in 2008.
VOSS will use the new funds to fuel its growth in the UC&C service delivery and management market, and to support the evolution of its technology solution which has already been deployed in more tier-1 service providers than any of its competitors, including AT&T, BT and Qwest.
Whether from industry analysts, the media, or global corporations; there is growing interest in the market place around UC&C management. This is because, as UC&C infrastructures become increasingly complex, large enterprises and service providers need a centralized management platform to simplify administration. VOSS is in a very strong position to take advantage of this market opportunity, as its solution is designed to support large and complex UC&C environments, and is a vendor that manages the entire lifecycle of UC&C applications and services, providing tremendous value and return on investment to its customers.
“With the growth of IP communications in enterprises, we are truly excited about future evolutions in this field.” said Marcos Battisti, Intel Capital's Managing Director for Western Europe and Israel. "Service providers recognize the competitive advantage in offering the latest unified communications and IP telephony services and applications to their enterprise customers. VOSS’s innovative technology enables them to roll out and manage UC services quickly and cost-effectively. This investment from Intel Capital demonstrates our commitment to making the latest technologies easily accessible to enterprise employees.”
Mike Frayne, CEO at VOSS Solutions added; “2011 is a very important year for VOSS Solutions. With a strong customer base, a healthy pipeline and loyal support from partners, we are also in the advantageous position as market leader of a technology solution that all major service providers and large enterprises will need to acquire in the foreseeable future to successfully administer their increasingly complex UC&C infrastructures.”
About Intel Capital
Intel Capital, Intel's global investment organisation, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.8 billion in over 1,100 companies in 48 countries. In that timeframe, 189 portfolio companies have gone public on various exchanges around the world and 258 were acquired or participated in a merger. In 2010, Intel Capital invested US$327 million in 119 investments with approximately 44 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
About Eden Ventures
Eden Ventures invests in technology companies in the telecommunications software, enterprise software, digital media, e-commerce, internet and mobile sectors in the UK and Ireland. Eden’s background is that of serial entrepreneurs with a spectacular seed investment track record. Eden offers its portfolio companies considerable operational management expertise in creating businesses of lasting value. For more information, visit www.edenventures.co.uk.
About XAnge Private Equity
Backed by leading European companies and financial institutions, XAnge is a unique private equity firm sponsored by La Banque Postale, one of the largest retail banks in France. As of today, XAnge has 350 million in assets under management. With an international team of seasoned professionals based in Paris and Munich, XAnge actively supports leading venture and growth companies in Europe, with a strong focus on technology. For more information, visit http://www.xange.fr/en/index.html.
About VOSS Solutions
VOSS, a leader in service delivery software, helps organizations meet their rapidly changing unified communications and collaboration (UC&C) and IP telephony (IPT) requirements. The VOSS real time, centralized and fully automated UC&C service delivery platform addresses the challenges involved in managing the entire UC&C lifecycle: Day-0 initial design; day-1 build and deployment; day-2 support and administration; day-3 upgrade and scaling, enabling its customers to operate highly flexible UC&C and IPT networks. By simplifying business processes and removing technical complexity, VOSS increases productivity, speeds implementation, cuts costs, and provides a platform to launch new UC&C services.
With offices in the USA, UK, mainland Europe, Middle East and South Africa, VOSS is funded by Eden Ventures, Intel Capital and XAnge. VOSS customers include prominent global service providers, niche managed service providers, and large enterprises. www.voss-solutions.com
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